Argo Gold Inc. (CNSX : ARQ) cancelled the acquisition of 18,000 contiguous acres in the Clearwater Play around the Nipisi area of Alberta from Tamarack Valley Energy Ltd. (TSX : TVE) for CAD 0.73 million.
Argo Gold Inc. (CNSX : ARQ) cancelled the acquisition of 18,000 contiguous acres in the Clearwater Play around the Nipisi area of Alberta from Tamarack Valley Energy Ltd. (TSX : TVE) for CAD 0.73 million on February 1, 2023. The company is going to focus on near-term oil production opportunities and not acquire the long lead-time Clearwater acreage and will not close the purchase and sale agreement to acquire 7,600 contiguous hectares of Clearwater oil land in the Nipisi area of Alberta for CAD 0.725 million.